Cypress Software Introduces New Lending Compliance Module
to Help Financial Institutions Combat and Prevent Fraud and Terrorism

Red Flag/PATRIOT Act/OFAC Compliance Module for Cypress’ Mark IV Software
Offers Necessary Checks and Balances During Loan Underwriting and Approval Processes

NORTH RICHLAND HILLS, Texas – July 15, 2009 – Cypress Software Systems LP today introduced the Red Flag/PATRIOT Act/OFAC Compliance Module for its Mark IV consumer lending software. The new offering gives financial institutions necessary checks and balances during the loan underwriting process to prevent and report fraudulent and terror-related activities.

The new module also gives Cypress Software clients the peace-of-mind that they can quickly and easily demonstrate their compliance efforts and results, should bank examiners request proof.

During the loan application process, the module “scrubs” every piece of information to provide true, comprehensive homeland security requirements. The system automatically performs several tasks, including:

• Verifying the identity of each applicant as stated under Section 326 of the USA PATRIOT Act.
• Checking applicants’ names against the latest Office of Foreign Assets Control (OFAC) lists.
• Combating identity theft by complying with the Red Flag Rules as outlined in the Fair and Accurate Credit Transactions Act (FACTA).
  

“This new module is an important step to further protecting our clients against fraudulent and terror-related activities, while enhancing their overall credit risk management,” said Steve Croft, senior vice president of Cypress Software Systems. “Scams like identity theft are growing concerns for financial institutions and consumers alike, and this module, combined with our automated lending software, gives them added protection against increasingly sophisticated fraud techniques.”

Cypress offers a range of products and services that help banks, credit unions and other finance organizations better manage risk and improve lending productivity.

Cypress’ products include Mark IV, a loan software platform that automates the consumer loan application and decisioning process. With Mark IV, service associates electronically input application information while interviewing customers. The software then quickly retrieves credit reports, efficiently reviews sources of repayment, and deploys the institution’s loan policies. The result is a fast, quality loan decision that also helps financial institutions mitigate credit risk management.

About Cypress Software Systems
Headquartered in North Richland Hills, Texas, USA, Cypress Software Systems LP is a leading developer of automated credit application decision support technology. Cypress provides community and regional banks, finance companies and credit unions with loan application decision and tracking tools equivalent to those used by the largest national lending institutions. Clients, nationwide and in 16 countries, use the company’s flagship products, Mark IV and BizMark, to quickly and consistently process consumer and small commercial loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking consumer loan applications from point of entry to point of decision. Cypress’ BizMark loan automation software processes commercial loan requests within a customer relationship management environment. Both products may be licensed in the bundled Cypress Suite and are offered in either an application service provider (ASP) or traditional business model. The company’s product line also includes AppMark, an ASP-only consumer lending solution for community banks with assets of $250 million or less. Web Site: www.go-cypress.com.

Media Contacts
Jeff Green
Michael A. Burns & Associates Inc.
(214) 521-8596
greenj@mbapr.com